5956. First National Bank (Kendallville, IN)

View Charter #2687 on SPMC

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 41
Charter Number: 2687
Start Date: June 23, 1893
Location: Kendallville, Indiana (41.441, -85.265)

Metadata

Model: gpt-5-mini
Short Digest: ffdbf19a

Response Measures

Full suspension, Books examined

Other: Later (1894) directors voted voluntary liquidation after final closure following the 1893 stringency.

Description

Contemporary accounts (late June 1893) report heavy withdrawals after rumors and exposure to large amounts of Flint & Walling Manufacturing Company paper; bank suspended June 23/24, 1893 under national bank examiners. Later reports (July–August 1893) state the failed/suspended First National Bank of Kendallville would probably resume and was permitted to reopen by early August 1893. OCR errors corrected (e.g., 'Kendaliville' -> Kendallville; dates reconciled to newspaper dates).

Events (6)

1. July 28, 1863 Chartered

Source: historical_nic

2. May 12, 1882 Chartered

Source: historical_nic

3. June 23, 1893 Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals triggered by rumors plus the bank's large holdings of Flint & Walling Manufacturing Company paper led depositors to withdraw about $40,000.
Newspaper Excerpt: There were rumors on Monday that the bank was in danger, and $40,000 was checked out by country depositors.
Source: newspapers

4. June 23, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Inability to realize on securities and heavy exposure to Flint & Walling Manufacturing Co. paper; steady withdrawals and inability to obtain ready cash prompted suspension and examiner/receiver involvement.
Newspaper Excerpt: The First National Bank of Kendallville ... closed its doors at noon today. The suspension is said to have been caused by the bank carrying a large amount of paper of the Flint & Walling Manufacturing Company of that place.
Source: newspapers

5. August 5, 1893 Reopening

Newspaper Excerpt: The First national bank of Kendallville, Ind., which suspended payment June 22, has been permitted to reopen its doors for business.
Source: newspapers

6. May 24, 1894 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (22)

1. June 23, 1893 Alexandria Gazette Alexandria, VA

Article from Alexandria Gazette, June 23, 1893

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# FROM WASHINGTON. [Correspondence of the Alexandria Gazette.] WASHINGTON, D. C., June 23. The news of the sinking of H. B. M. ship Victoria caused a profound sensation at the Navy Department here. No marine disaster accompanied by such heavy loss of life has been known in this country for many years, the nearest in kind probably being the loss of the United States ship Huron off Nag's Head about fifteen years ago. People who saw the Blake, flagship of the British squadron at the naval review, thought that she was a great ship, but she was of secondary importance when compared with the ill-fated Victoria, which has just gone down, for while the Blake was a large armored cruiser the Victoria was a full-fledged battleship nearly 1600 tons larger than the Blake. The Victoria was a typical fighting machine, as unlike the ordinary conception of a ship as possible. She was rather low in the water, having 11 feet freeboard and the forward deck being cleared to give sweep to the great turret guns, she lal something of the appearance of a monitor forward. Aft of her turret she carried a plain superstructure, heavily protected by compound armour, in which was placed the secondary battery, and on the top and rear of this supersteucture was the 10-inch gun in its barbette. Sir George Tryon, the vice admiral, who went down in his flagship, is one of the best known British naval officers. The Victoria in her construction embodied every safeguard known up to the recent date if her completion for the protection of the life of her officers and crew. She was a compartment ship and was supposed to be unsinkable in any ordinary collision. The Camperdown, which dealt this fatal blow, was about the same size as the Victoria, and the ship never has been built that would withstand the impact of ten thousand tons of steel moving at any ordinary speed. The President to-day made the following appointments: To be collectors of internal revenue, William H. Doyle, for the first district of Pennsylvania; Richard B. Morris, for the district of Kansas. Harry A. McNeally to be a collector of customs for the district of Saco, Maine. Comptroller Eckels has been officially informed of the failure yesterday of the following national banks: The First National Bank of Kendaliville, Indiana, the First National Bank of Santa Ana, California, and the First National Bank of Whatcom, Washington. Secretary Lamont this morning issued an order dissolving the military court of inquiry ordered in connection with the Ford's Theatre disaster and will leave the civil authorities to deal with the case. Official changes in the Treasury Department were announced to-day as follows: Appointments-John Johnson of Pennsylvania, special inspector of customs: John W. Anderson of New York, inspector of customs; L. W. Shinn of Utah, special inspector of customs, Ogden, Utah; W. W. Scott of North Carolina, chief of division 1st auditor's office. Resigned-Hiram F. Devel, collector of internal revenue 6th district of Missouri. Removed-A. C. Emerson, special inspector of customs, Ogden, Utah. Resignation called for-A. J. Whitaker of Illinois, deputy fourth auditor. In the Interior Department: Julian L. Bowdre of Arizona, and Asa Bodkins of Ky., have been appointed examiners of Chippewa Indian Lands in Minnesota, vice Wm. J. Pemberton, and Edwin R. Peirce, resigned; Prof. W. J. McGee of Iowa, a geologist in the geological survey has resigned. In the Postoffice Department, T. Q. Munce of Louisiana, has been appointed chief of the stamp division, Postoffice Department, vice E. B. George, resigned. One hundred and twenty-seven fourth class postmasters were appointed to-day, of whom sixty-seven will fill the places of removed republicans. The changes in Virginia were as follows: Arbutus, Grayson county, T. J. Jennings appointed postmaster, vice М. С. Hampton, resigned; Blackstone, Nottoway county, I. O. Epes, vice A. B. Jones, removed; Burnsville, Bath county, A. J. Hevener, vice H. E. Burns, resigned; Elliston, Montgomery county, A. J. Deyerle, vice J. R. Purdue, resigned; Hume, Fauquier county, R. T. Moore, vice J. B. Pearson, removed; North River, Rockingham county, T. J. Johnson, vice W. H. Chapman, removed; Springman, Fairfax county, J. M. Springman, vice P. L. Evans, resigned; Jemperanceville, Accomac county, G. W. Oldham, vice T. А. Richards, resigned; Waterford, Loudoun county, H. C. Bennett, vice H. J. Burnham, removed. Comptroller Maxwell appointed another republican as receiver of a broken national bank this morning. He says he supposes the democratic newspapers will go for him for appointing republicans to such places-this makes the third one-but that he can stand the pressure. A gentleman who had a talk with the Secretary of Agriculture yesterday in reference to the position Assistant Secretary of the Agricultural Department, says Mr. Morton told him he thought the place ought to go to a cotton State, and that if an eligible man from such a State were presented he would recommend him to the President. He said in addition that the appointee should not only be a man of executive ability but a scientific as well as practical agriculturist. Intelligence was received here to-day of the death of Representative Mutchler of Pennsylvania, a democrat. A personal friend of a member of the Cabinet asked him yesterday if a certain applicant for a place in his department would be appointed or not. The plied to the effect that he

2. June 24, 1893 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, June 24, 1893

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An Indiana Bank Suspends. Special to the Indianapolis Journal. FORT WAYNE, Ind., June 23.-The First National Bank of Kendallville, theoldest in Noble county. closed its doors at noon today. The suspension is said to have been caused by the bank carrying a large amount of paper of the Flint & Walling Manufacturing Company of that place There were rumors on Monday that the bank was in danger. and $40,000 was checked out by country depositors Jehs

3. June 24, 1893 The Indianapolis Journal Indianapolis, IN

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New York Bankers Say the Worst Is Over So Far as They Are Concerned. Despite the Failures on the Pacific Coast Elsewhere This Week the Situation Has Improved and Money Is Less Stringent. Money Telegraphed to San Francisco to Aid the Banks of That City. Two Big Institutions with Ample Assets Forced to Suspend for Lack of Ready Cash-Other Troubles in the Business World. THE FINANCIAL SITUATION. New York Bankers View the Outlook with More Hopefulness than Week Ago. an NEW YORK, June 28,- Banks reported easier feeling this morning in the West and said that the demande for rediscounts and currency were much less. The of bankers to-day most ly concentrated in the situation on the Pathe subtreasury it that $500,000 in currency was exchanged to day for transfer to San Francisco. Besides the gold thus transferred, shipments of currency made direct to-day to that city by express, which made the aggregate amount of money forwarded to-day about $1,000,000, and more will be sent to-morrow in the same way. It is believed that the help San Francisco from this city relieved the stringency there. 60 that beyond the bank failure announced day no further trouble 18 expected. of Dr. R. H. McDonald, preside the Pacific Bank, who is stopping at the Astor House, shocked hen he heard to-day that the bank had closed. Hesaid: *Though president of the bank I have not been I active in its management for some time. sufficiently with the affairs of the institution, however, to feel confident that there is chance for of the depositors to lose anything. will liquidate for almost the amount cap. ital and surplus, $1,000,000 and $800,000, respectively. The bank had gone into no time my departure. Of the local business we had fair percentage, extraordic coun. try. It was the heavy drafts made by the country banks. I presume, which forced the suspension. subtreasury began the payment to on coupon day bonds. due July The number of coupons presented for payment to-day, however, Holders of bond probably get their checks They will be paid presented. The be paid in disbursement The $6,000,000. aid in very market, relieve the pressure money to railway and other The tional this afternoon what they thought of the situaThey in the that the number of banks which close their doors san and elsewhere, the situation decidedly improved. comthis to day pared president, "and feel at liberty to discount to-day freely than did this day last week The atmos. phere cleared, and think the worst number of other bank rep. sented their of Mr. Parsons, manager for Wells, Fargo banking business in San Francisco, the through was made entirely telegraph takes from two three days to transfer through from money ury to San Francisco, the transfer made by telegraph from ashington upon from the subtreasurer here. Yesterday, how. Morgan. the United States accept telegraph advice from Assistant the this city, 80 that the San Francisco enabled to receive yesterday, the money be subtreasurer here. followed it possible deposited at here, transfer paid to the Francisco before they begin business on the same -that is, before 10 o'ock. Two Bank at San SAN FRANCISCO, June The Pacific Bank did not open to-day. The direct eause note from the Clearing House Association that the bank's paper would not be accepted. It has been known for some time that the bank was laboring under financial difficulties. The Pacific Bank organized in 1863 by R. H. McDonald and its present manager is R. H. MoDon. ald, paid up capital stock of $1, 000,000, nominal reserve of about $700,000 and deposits about 81 1,500,000, according offi report. The loans and dia about $2,500,000. The failure be due to recent monetary troubles. expected that depositors lose nothing The People's Home Savings Bank also failed to its doors this Bank the door the follow to president, Watehouse, night deeded Bank erty to property Failure of the the ordered the regular dividend around San the ovened Union is but subsided feeling cure footing. presidents many of that glad the crisis arrived they may show their strength SAN Cal. June The First Bank closed doors day. after undergoing a run for the past five days. Banker Day Missing T. Day, MILWAUKEE, Wis., June 23 formerly president of the Plankington Bank, has mysteriously disappeared, While the grand jury was the failure Plankington Bank Mr. his health time be not been heard were $644,000 and about $550,000. An Indiana Bank Suspends Special FORT WAYNE, Ind., June 23. The First National Bank Kendallville, oldest in Noble county closed its doors at noon today The suspension is said to have been caused by the bank carrying a large amount of paper of the Flint & Walling Manufacturing Company of that place There

4. June 24, 1893 The Indianapolis Journal Indianapolis, IN

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Other Bank Suspensions. WASHINGTON, NJune 23.-Controller Eckels has been officially informed of the fallure, yesterday, of the following national banks: The First National Bank of Kendallville, Ind.; the First National Bank of Santa Ana. Cal.; the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Cleary to take charge of the Whatcomb Bank, and Bank Examiner Packard to take charge of the Kendallville bank temporarily. He has appointed Robert Wingate receiver of the Merchants' National Bank of Tacoma, Wash. NIAGARA FALLS, N. Y., June 23.-The Cataract Bank, of this city. the largest bank in Niagara county. closed its doors at noon. Its deposits amount to over $700,000. Cashier Rankin says the assets are far in excess of liabilities. The bank people claim to have plenty of securities, but when they tried to get them rediscounted atother banks they were refused. President Porter is confident-that the bank will resume. He does not think a receiver will be necessary. NEW WHATCOM. Wash., June 23.-The First National Bank has closed its doors. The cashier states that depositors will be paid in full.

5. June 24, 1893 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, June 24, 1893

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THE DAILY LIST. Banks and Business Houses Forced to Suspend-New York Troubles. NEW YORK, June 23.-Sheridan and Byrne, builders, are financially embarrassed. Their liabilities exceed $225,000. Abraham Steers, one of the largest lumber merchants and planing mill men in the city is temporarily embarrassed. being unable to get further accommodations. His creditors today granted an extension. His liabilities are $380,000, assets $475,000. Its Doors Still Closed. SAN FRANCISCO, June 23.-The Pacific National bank did not reopen its doors today. The deposits amount to about $1,500,000. Its loans and discounts are said to be $2,500,000. The embarrassment appears to be entirely due to the recent monetary troubles, and it is expected the depositors will lose nothing. The officers of the bank say they will resume in a short time. It may be that the closing down of the Pacific bank will result in the suspension of the People's Home Savings bank, a collateral institution, under practically the same management. Its total deposits are about $1,700,000. There is no apprehension as to runs on other banks. Cataract Bank Fails. NIAGARA FALLS, June 23.-The Cataract bank of this city the largest bank in Niagara county, closed its doors at noon. There is great excitement among the business men in consequence as over $700,000 of their money was on deposit there. Resources More Than the Liabilities. SAN FRANCISCO, Cal., June 23.-The People's Home Savings bank closed its doors this morning. It affiliated with the Pacific bank which closed its doors yesterday. The resources are said to exceed the liabilities. Depositors Forced the Suspension. MINNEAPOLIS, Minn., June 23.-The state bank of this city suspended payment this morning. Assurance is given that it will resume in a few days. The bank has a paid up capital of $75,000. Steady withdrawals by depositors were the cause of the action. A Week's Disasters. NEW YORK, June 23.-Bradstreet's reports 360 failures in the United States this week, against 159 for the week a year ago. Stood the Run for Five Days. SAN BERNARDO, Cal., June 23.-The First National Bank closed its doors today, after undergoing a run for the past five days. ) Banks Reported as Failed. WASHINGTON, June 23.-Controller Eckels has been officially informed of the failure yesterday of the following national banks: The First national bank of Kendallville, Ind.: the First national bank of Santal Ana, Cal., and the First national bank of Whatcom, Wash.

6. June 24, 1893 The Sun New York, NY

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Other Bank Failures, MINNEAPOLIS, June 23.-The State Bank of this city suspended payment this morning. the assurance being given to depositors that it would resume in a few days. The bank has a paid-up capital of $75,000. Steady withdrawals by depositors were the cause of the action. The bank is one of the smaller ones of the city. SEATTLE, June 23.-A special from New Whatcom. Wash.. says the First National Bank closed its doors at noon yesterday. Inability to realize on its securities is the cause given for suspension. The bank's officials state that their assets are double their liabilities. and that depositors will be paid in full. GREENVILLE. Mich., June 23.-The failure of the City National Bank. which suspended payment yesterday, was due to a steady run on the bank. which has continued since June 1. The examination up to this time shows deposits of $210,000 and assets of $312,000. It is not known yet whether the bank will be able to resume or will be compelled to go into a receiver's hands. The bank was examined on Sept. 28. 1892. and reported in good condition. INDIANAPOLIS, June 23.-The First National Bank of Kendallville suspended payment today.

7. June 28, 1893 The Star Reynoldsville, PA

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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL Comptroller Eckels has been officially in formed of the failure of the following National banks: The first National Bank of Kendallville, Ind.; the First National Bank of Santa Anna. Cal.; and the First National Bank of Whatcom, Wash. He has ordered Bank Examiner Packard to take charge of of the Kendal'sville bank. At San Francisco the Pacific bank has closed. The Peoples Home Saving bank, under the same management, has also,gone down. At Greenville, Mich., the City National bank has suspended. The Cataract bank, Niagara Falls, N. Y.. the largest bank in Niagara county, closed its doors. The New York clearing-house committee authorized the taking out onFriday of $450,000 in clearing-house certificates. The total now outstanding is $5,350,000. The East Side bank, Los Angeles, Cal., opened its doors again on Saturday morning. This is the first of closed banks to resume. A feeling of confidence has returned. The other banks will open in a day or two except the City bank, which is in the hands of a receiver.

8. June 29, 1893 The News-Herald Hillsboro, OH

Article from The News-Herald, June 29, 1893

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NEWS ITEMS. The Columbus caravels, en route to Chicago, will stop at Cleveland, O. Two deaths from cholera occurred at Calais Thursday, and the disease is still spreading. The Ellsworth Packing and Provision Co., of Chicago, made an assignment Wednesday. Louis Dreyfus, wealthy merchant of Long Branch, N. J., killed himself while on a spree. The Delaware, (0.), hazers refuse to pay attorneys' fees, and will now be arrested and the old case revived. Cholera reports from Mecca show that from June 16 to June 20 there were 830 deaths from cholera in that city. The race for the Seaton Delaval plate of 1,200 sovereigns at London, was won by Chinchin, Sir Jacob second, Guiser third. The Peruvian government has fined the Peruvian corporation £5,000 for non-compliance with the terms of the contract. Mrs. Mary Brainard, a poor widow of Michigan City, Ind., has just fallen heir to $50,000, left by a bachelor brother at Cleveland, O. Ecuador has sent to Lord Rosebery a formal protest against the further encroachment by the British on Venezuelan territory. Mrs. Annie Teagarden suicided with morphine at Indianapolis through grief for the death of her mother: and brother within two weeks. Gen. Crespo has formally assumed the presidency of Venezuela under the constitution. The assembly named him for the short term Dr. R. P. Gordon, of Hebron, Ky., who was jolted out of a cable car in the La Salle street tunnel, Chicago, while asleep, died of his injuries Cholera is decreasing HApidly throughout Russia. In Bessarabia, Podila, Kurs ka and Orel only an occasional death and a few fresh cases are now reported. Four banks at Los Angeles, Cal., closed their doors Wednesday. They were the First national, Southern California, Broadway bank and East Side bank. The as used by Wm. E. Gladstone in trees on his estate of will on felling be placed exhibition Hawarden within in the Forestry building, World's fair, a few days. The First National bank at Kendallville, Ind., has been forced to close its doors. It was regarded as one of the soundest banking institutions in northern Indiana. Superintendent of Schools Strauss, of W. Va., clared innocent of the Parkersburg, charge has been brought deA.C. Stephenson causing her death by severe by daughter's Mrs. of and sarcastic comment Friday morning at Griffith, on the & Erie, a young man named to board a Chicago Weeks attempted fell moving under train at Valparaiso, Ind., and the wheels Both legs were cut off above the knees. The Russian press censorship has forbidden the Russian press to discuss the Franco-Russian commercial treaty just on the ground a commercial compact concluded, purely that and it with- is out significance. Woodman, Miss political Phoebe the married favorite of Poet Whittier, was at Mass., Thursday to the artist. The Calliga, niece Danvers, couple Mr. did J. not H. meet until last winter. and it was a case of love at first sight. Charles Roeser, jr., of Wisconsin, chief topographer of the post office department died in Washington Friday of He was of served in the war in age night and apoplexy. the 49 Thomas. commis- years sary department, under Gen. The Citizen's Savings bank, of Portsmouth, O., assigned Wednesday morning to A. F. Holcomb and Frank M. Smith. A run on the bank made this step necessary. The liabilities are something over $300,000, and assets over $400,000. Alarming reports have come from farmers throughout Bartholome and counties in of the Hessian fly in In ravages adjoining Indiana wheat. of the many fields it has been found that one stock in every six has been attacked by the fly. The national association of swine breeders, in session at DesMoines, Ia., by the election has Dawson, organized president; of H.C. of Nebraska, for of vice president, A. J. Seagraves, Indiana; secretary and treasurer, Wm. McFadden, of Iowa.

9. June 29, 1893 The Farmers' Union Memphis, MO

Article from The Farmers' Union, June 29, 1893

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Indiana Bank Goes Under. AVILLA, Ind., June 25 -The First National Bank of Kendallville, one of the oldest banking institutions in northern Indiana. was forced to close its doors yesterday morning. A notice po ted on the doors gives the information that the bank is in the hands of government officials and in due time a report of its condition will be made. Further than this no information can be gained. The bank has been doing business for about thirty years and was regarded as perfectly secure. At its head was John Mitchell. one of Noble County's W althiest men. The suspension causes great excitement Bank Examines Packard reached Kendallville last night.

10. July 1, 1893 The Ohio Democrat Logan, OH

Article from The Ohio Democrat, July 1, 1893

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NEWS ITEMS. The Columbus caravels. en route Chicago, will stop at Cleveland. O. Two deaths from cholera occurred Calais spreading. Thursday, and the disease is The Ellsworth Packing and Prov ion Co., of Wednesday. Chicago, made an assignme Louis Dreyfus, wealthy merchant Long Branch, N. J., killed himse speeeds B uo while The Delaware, (O.), hazers refuse pay attorneys' fees, and will now be rested and the old case revived. Cholera reports from Mecca show from June 16 to June 20 there were deaths from cholera in that city. The race for the Seaton Delaval of 1,200 sovereigns at London, was by third. Chinchin, Sir Jacob second, Guis The Peruvian government has the Peruvian corporation £5,000 contract. non-compliance with the terms of Mrs. Mary Brainard, a poor widow to Michigan City, Ind., has just fallen $50,000, left by a bachelor brother O Cleveland Ecuador has sent to Lord Rosebe a formal protest against the encroachment by the British on zuelan territory. Mrs. Annie Teagarden suicided morphine at Indianapolis through for the death of her motherand within two weeks. Gen. Crespo has formally assumed presidency of Venezuela under the stitution. The assembly named for the short term. 3 Dr. R. P. Gordon, of Hebron, who was jolted out of a cable car in La Salle street tunnel, Chicago, asleep, died of his injuries. Cholera isdecreasing rapidly throug out Russia. In Bessarabia, Podila, ka and Orel only an occasional and a few fresh cases are now reporte Four banks at Los Angeles, closed their doors Wednesday. were the First national, Southern e bank. fornia, Broadway bank and East to The ax used by Wm. E. Gladstone S felling trees on his estate of Haward e will be placed on exhibition in I Forestry building, World's fair, . a few days. The First National bank at Kenda ville, Ind., has been forced to close doors. It was regarded as one of 3 soundest banking institutions in Indiana. u.s Superintendent of Schools 7 of Parkersburg, W. Va., has been clared innocent of the charge broug by Mrs. A. C. Stephenson of e her daughter's death by severe and I castic comment. Friday morning at Griffith, on Chicago & Erie, a young man Weeks attempted to board a movi train at Valparaiso, Ind., and fell e the wheels. Both legs were cut above the knees. I The Russian press censorship has . bidden the Russian press to discuss S Franco-Russian commercial treaty concluded, on the ground that it purely commercial compact and 7 out political significance. Miss Phoebe Woodman, the favor niece of Poet Whittier, was married Danvers, Mass., Thursday to Mr. J. Calliga, the artist. The couple did meet until last winter. and it case of love at first sight. e Charles Roeser, jr., of Wiscons chief topographer of the post office partment died in Washington night of apoplexy. He was 49 years 7 age and served in the war in the 0 sary department, under Gen. Thom e The Citizen's Savings bank, of mouth, O., assigned Wednesday ing to A. F. Holcomb and Frank Smith. A run on the bank made step necessary. The liabilities e $400,000. something over $300,000, and assets S Alarming reports have come farmers throughout Bartholomew S adjoining counties in Indiana of e 1 ravages of the Hessian fly in wheat. many fields it has been found that e stock in every six has been attacked the fly. The national association of 4 I breeders, in session at DesMoines, has organized by the election of I Dawson, of Nebraska, for preside U vice president, A. J. Seagraves, U Indiana; secretary and treasurer, McFadden, of Iowa. e e John Ober, of Wetzel county, W. has on his house 4 roof which you uno pus sseuenbjun 'sueo un JO no open sp 71 beaten. took about 4,800 of them. The also very pretty, looking much like $ shinglis JO ano орвш e Robert A. Travis, of one of the families in Morgantown, W. Va., 4 sentenced to a two-year term in penitentiary Thursday for forgery. 2 wife. came home to attend the funeral of

11. July 24, 1893 Evening Star Washington, DC

Article from Evening Star, July 24, 1893

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Treasury View of the Financial Situation. As viewed at the Treasury Department, the week begins with brighter financial prospects. A number of the recently-failed banks are taking the necessary steps to resume, and Controller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville. Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume business this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturday after a short suspension. received in deposits $12,000, while the withdrawals amounted to only $6,000. This is regarded here as an evidence that confidence is bing gradually restored on the Pacific coast.

12. July 25, 1893 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, July 25, 1893

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CONFIDENCE RESTORED. Failed Banks Resuming Business : With Bright Prospects. WARNINGTON, D. C., July 24.-As viewed at the treasury department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps to resume, and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank, of Big Rapids, Mich., would probably resume. business this week. The First National Bank of Santa Anna, Cal., which resumed business Saturday after a short suspension, received in deposits $12,000, while the withdrawals amounted to only $6,000. This is regarded-here as an evidence, that confidence is being practically%re stored on the Pacific coast.

13. July 26, 1893 Watertown Republican Watertown, WI

Article from Watertown Republican, July 26, 1893

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OUTLOOK IS BRIGHTER. Financaal Prospects Greatly Improved in the Eyes of Treasury Officials. WASHINGTON, D. C., July 24. -- As viewed at the Treasury Department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessay steps to resume and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturday after a short suspensions, received in deposits $12,000 while the withdrawals amount to only $6,000. This is regarded here as an evidence that confidence is being practically restored on the Pacific Coast. DENNER, Col., July 24.-Bank Examiner Lazar in an interview states that he is convinced that all of the six suspended national banks in this city have more than sufficient assets and will resume in time. "It is a very hard matter at this time to realize on securities and the depositors will have to be a little patient. There will be a meeting this evening of representatives of the banks and depositors with a view to arrange plans whereby the depositors will accept certificates of deposits of the amounts to which the banks are indebted to them, these certificates to bear interest from their date until paid at a reasonable rate. These certificates can be used as collateral by the holders and on them money can be raised. I would suggest that the certificates be made to run for four, eight and twelve months, as was done in the suspended California banks that resumed. This will give the banks time to realize on their assets and prevent them from going into an enforced liquidation.

14. July 27, 1893 The Russellville Democrat Russellville, AR

Article from The Russellville Democrat, July 27, 1893

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RECONFIDENCE PARTIALLY STORED. The re is a Brighter Outlook at the Treas" ury Department. WASHINGTON, D. C., July 24.As viewed at the treasury department the week begins with brighter financial prospects. A number of recently failed banks are taking the necessary steps to resume, and Comptroller Eckles is lending them all the aid possible. He was notified this morning the failed First National Bank of Kendallville, Ind, and the failed Northern National Bank of Big Rapids, Mich., will probably resume business this week. The First National Bank, of Santa Ana, Cal., which resumed business, started after a short suspension, has received deposits of $12,000, while the withdrawals amounted to only $6000. This is regarded here as evidence of confidence being practically restored on the Pacific eoast.

15. July 27, 1893 Eagle River Review Eagle River, WI

Article from Eagle River Review, July 27, 1893

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OUTLOOK IS BRIGHTER. Financaal Prospects Greatly Improved in the Eyes of Treasury Officials. WASHINGTON, D. C., July 24. - As viewed at the Treasury Department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessay steps to resume and Comptroller Eckels is lending them all the aid possible. He was notified this morning that the failed First National Bank of Kendallville, Ind., and the failed Northern National Bank of Big Rapids, Mich., would probably resume this week. The First National Bank of Santa Anna, Cal., which resumed business on Saturday after 2 short suspensions, received in deposits $12,000 while the withdrawals amount to only $6,000. This is regarded here as an evidence that confidence is being practically restored on the Pacific Coast. DENVER, Col., July 24.-Bank Examiner Lazar in an interview states that he is convinced that all of the six suspended national banks in this city have more than sufficient assets and will resume in time. "It is a very hard matter at this time to realize on securities and the depositors will have to be a little patient. There will be a meeting this evening of representatives of the banks and depositors with a view to arrange plans whereby the depositors will accept certificates of deposits of the amounts to which the banks are indebted to them, these certificates to bear interest from their date until paid at a reasonable rate. These certificates can be used as collateral by the holders and on. them money can be raised. I would suggest that the certificates be made to run for four, eight and twelve months, as was done in the suspended California banks that resumed. This will give the banks time to realize on their assets and prevent them from going into an enforced liquidation.

16. July 28, 1893 The Hickman Courier Hickman, KY

Article from The Hickman Courier, July 28, 1893

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BRIGHTER SKIES Overbang the Financial World-A Number of Suspended Banks to Resume. W ASHINGTON, July 25.-As viewed at treasury department the week begins with brighter financial prospects. A number of the recently failed banks are taking the necessary steps' to resume and Controller Eckels is lending them all the aid possible. He was notified Monday that the failed First National bank, of Kendallville, Ind., and the failed Northern National bank, of Big Rapids. Mich., would probably resume business this week. The First national bank, of Santa Anna. Cal., which resumed business on Saturday after a short suspension, received in deposits $12.000, while the withdrawal amounted to only $6,000. This is regarded here as an evidence that confidence is being gradually restored on the Pacific coast.

17. August 5, 1893 Baxter Springs News Baxter Springs, KS

Article from Baxter Springs News, August 5, 1893

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THE Utes will soon be compelled to vacate their reservation in Colorado and will be sent to Utah. SECRETARY HOKE SMITH was hanged in effigy at Rome, O., because of the suspension of a pensioner. EXHIBITORS have presented their grievances to the management of the world's fair. THE McNeil & Urban safe & Lock Co., one of the oldest safe firms in the country, have assigned to Howard Douglass, of Cincinnati. The assets are $160,000; liabilities unknown. The firm has been unfortunate in several large contracts. ONE of the most daring robberies ever attempted in Chicago, was committed at the residence of Mrs. R. Ammon in broad daylight. The thieves.after binding and gagging Mrs. Ammon, succeeded in robbing her of diamonds and a gold watch, the whole value being $2,000, and made good their escape. THERE was a run on the banks at Ashland, Wis., caused by the failure of the First national bank of that city. THE Chicago banks are buying up exchange for the purpose of importing gold on local account. MRS. LUCILLE RODNEY, of Galveston, Tex., who has been tramping from Dallas to Chicago since May 16, arrived at Chicago on the 31st, a day ahead of time. She is supposed to have won $5,000. THE Akron, O., savings bank has failed. BOOMERS are allowed to cross the strip on the wagon roads. They must not, however, hunt up corner stones. A FARMER named Langevin had his house burned down near Olga, N. D., while lighting a fire with kerosene. Two children were burned to death. A RIOT, caused by a delay in payment of wages, was reported at the mining town of Virginia, Minn. NON-UNION workmen were assaulted and beaten by lumber shovers at Ashland. Wis., after a desperate encounter with the police. WILLIAM NONEMACHER. a farmer living near Antigo, Wis., killed his wife and three children and made an unsuccessful attempt to end his own life. THE third trial of M. B. Curtis, the actor. for murder has commenced at San Francisco. THE attorney-general of Colorado has rendered an opinion that the state legislature can take action establishing bullion depositories and issuing certificates thereon which shall be legal tender in the state. JOSEPH DEBOGUE. who is insane over a pump of his own invention, has been brought back to the hospital for the insane at Jacksonville, III., from Orange, N.J. THE Cudahy corner in pork and lard collapsed at Chicago on the 1st. Six prominent firms, including John Cudahy, went down in the wreck. THE Journal, of Mianeapolis, Minn., says that Mgr. Satolli is resolved upon humbling Archbishop Corrigan, of New York. AT Utica. O., John Tattle, two men named Bell. a Mr. Bowers and Mr. Skillen were killed and Joseph Shippen was fatally injured by the explosion of the boiler of a threshing machine. THE Seven Corners bank, of St. Paul, Minn., has assigned. THE Wyandotte county bank, of Upper Sandusky, O., has closed its doors. THE national silver convention met as arranged at Chicago on the 1st. FIVE section men on a hand car on the Vandalia railroad were held up by a single masked man and robbed of nearly $150. THE First national bank of Kendallville, Ind., which suspended payment June 22, has been permitted to reopen its doors for business. THE fine steamboat owned by Capt. A. T. L. Armstrong, of Nashville, Tenn., was burned at New Albany, Ind. Loss. $80,000. THE Milwaukee & St. Paul earnings for June make a most satisfactory showing.

18. August 11, 1893 The Jasper Weekly Courier Jasper, IN

Article from The Jasper Weekly Courier, August 11, 1893

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INDIANA STATE NEWS. JOHN JEFFRIES, a stock-dealer near Carmel, had $550 stolen from his house. went Tracks show that three men through a corn-field near by. CONNERSVILLE machinist named The A Morgan has invented a unicycle. feet vehicle consists of a wheel eight inSV sus operator am pur at side this monster cycle to propel it. model of the machine is not com- givthe pleted a full description can not be He claims that it will revolutioneq une 11 shat pus wherling плэрош "ue az! easily and successfully operated. CHRISTLEY WILHELM, the wealthiest farmer in Clinton county. whose home SUM Jusu was killed the other morning. He was working in a clearing, and was burn- standing SUM which dumas $0.11 Supming " ed near off and fell on him. His head crushed horribly. He was about sixtyfive years old, and leaves a large fortune Juney 814 01 THE Indiana Association of W. Spiritunlists at Anderson elected Dr. J. Westerfield president of the association: Mrs. Colley Luther, vice-president: Miss Flora Hardin. secretary, and S. V. Smith. treasurer. Gov. ATTHEWS has pardoned Win. Hudson convicted of bigamy. MRS. W. W. RITCHIE, of Noblesville, six swallowed a pin and needle about her ago. The pin passed from the years directly after the accident. but in needle has just come out of her flesh the side. She has suffered no pain THE whatever. First National bank of June Kendallville. which suspended payment redoes 01 permitted useq say 'g681 100 its doors for business. ARRANGEMENTS are being made by Muncie Cycling club to hold fall the August 25 and 26. Large prizes of will races be offered. and the fastest men the country are expected. THE Eagle machine works, of is Indianof which Lewis Hasselman the apolis. president and O. P. Haughey, of Indianapolis national bank. treasurer, have made an assignment. Lewis Aiken was appointed assignee. Assets, $150,000: liabilities, $100,000. THE Bank of Commerce, of Indianapolis. has collected $16,500 of outstanding debts since the bank suspended. and most of the notes held by bank will be due in a few weeks. the The vice president reports that it is the intention of the bank management and to 11"} u! II" And of 99 resume business on October 1. THE Monitor Co., of Auburn. manufacturer of windmills, has failed. Assets, $65,000: liabilities. 885,000. A TRAGIC event occurred the other evening near Corydon. Kate Eckert. by aged 9 years. was shot and killed Carrie Perkhiser. aged 18. Miss Perkhiser did not think the revolver the was loaded and snapped the weapon at child in fun. DR SAMUEL E. MUNFORD. a noted physician and surgeon of Princeton, died the other morning. of consump' u! dus JO Month uu 10 result ehe *uon Dr. Munford was one of the 1891. trustees of the Indiana Medical colat the time of his death. He was lege liberal contributor to the medical a journals of the country, and he served president of the state Medical soas ciety during 1883. He enlisted in the late war as private in the Seventeenth Indiana volunteer infantry, but soon rose to the rank of surgeon. ATTY-GEN. GREEN SMITH has sustained Gov. Matthews in regard to the latter's stand on the Roby prize ring matter. The attorney general holds that the offenses committed at Roby simply misdemeanors over which are any Lake county justice of the peace has jurisdiction. TAYLOR'S planing mill and three dwellings burned at Lafayette. AT Indianapolis Frank D. Harris, 30, who had domestic troubles, aged kissed his wife and then suicided by taking prussie acid. THE trouble between the workmen and proprietors of the Midland Steel works. Muncie. has been settled,and commenced work. The men men agreed to make 45 tons a day at $1.80. The Indiana Iron mill will start soon use arout 009 De each pus AT Winchester Samuel Price was arrested on suspicion of having murdered Kent Browne. colored. THE Carroll county soldiers' monuship mej = SEAL quam MR. AND MRS. ROBERT CONES. of Muncie, the other day celebrated their fiftieth wedding anniversary. About one hundred guests were present. - SEM pase H n rested near Fort Wayne for having in behis possession a horse and buggy Jo Ross, "I 'IN on SujBuot John Kessler, aged but 10 years. He is

19. August 29, 1893 Evening Star Washington, DC

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

20. September 3, 1893 The Times Richmond, VA

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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.

21. September 7, 1893 The Marietta Journal Marietta, GA

Article from The Marietta Journal, September 7, 1893

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BANKS WHICH HAVE RESUMED. A Statement from Controller Eckels Showing Their Present Capital Stock. WASHINGTON, Aug. 28th.-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Blank Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Washington, $250,000 ; First National Bank, Palouse City, Washington, $75,000; Southern California National Rank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $800,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000, American National Bank, Leadville, Col.; $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000. First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, Col., $500,000; Hutchinson National Bank, Hurchinson, Kan., $100,000; People's National Bank, Denver, Col., $600,000; First-National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Texas, $50,000; State National Bank, Vernon, Texas, $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Oregon, $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachie National Bank, Waxahachie, Texas, $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Texas, $80,000; First National Bank, Lockhart, Texas, $50,000; total, $6,030,000. Since Jan. 1 last 145 national banks have suspended. Of this number 1 has gone into voluntary liquidation, 57 have been placed in the hands of receivers, and 62 are in the hands of national bank examiners, with excellent prospects of early resumption, in addition to the 34 aboved named, which have already resumed business.

22. June 8, 1894 The Jasper Weekly Courier Jasper, IN

Article from The Jasper Weekly Courier, June 8, 1894

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# INDIANA STATE NEWS. AT Indianapolis John Hughes and Christopher Baker, ex-convicts, were arrested for the murder of Lewis Parsons, whose body was found with the throat cut and head battered up. AT Cannelton William H. Artmann was convicted of wife murder and sentenced to the pen for life. THE First national bank of Kendallville, John Mitchell president, which closed during the bank panic last August, will go into voluntary liquidation. The business since the bank closed its doors has not proved profitable, and it was resolved by the directors to quit business, and depositors and stockholders will be paid in full, and a private bank will succeed to the business. RICHARD DILLON shot Jas. Luther at Fairmount, twice the other afternoon, in an altercation. The two men are partners in a glass factory at Fairmount. Luther made a demand upon Dillon for money, which he refused. Alvin Scott, a brother-in-law of Luther's, then broke into the room occupied by Dillon, and crushed his skull with a hatchet. The wounded men were both seriously injured. AT Anderson. W. C. Cook, a young man, assaulted Patrolman Pense at an early hour the other morning, using a baseball bat as a weapon. After a tussle Pense shot him through the thigh. Cook is now at his home, suffering severely. No reason can be given for the attack. MRS. PRUDENCE GRIFFIN, widow of Washington Griffin, died suddenly in Thorntown. Mrs. Griffin was one of the first settlers of that place, having located there with her father when it was an Indian trading post. THE decision of the U. S. supreme court a few days ago affirming the validity of the assessment of railroad property in Indiana by the state board of tax commissioners is the most important in which the state was ever interested. The decision affects railroad taxes assessed and partially collected for the years 1891, 1892 and 1893, amounting to over seven million dollars, most of which has been paid under protest. To the total amount affected could be added about $440,000, which would represent the penalty attached by the auditor of state for delinquency. Some of the money has passed through the hands of the state and has been applied on the debt. A portion of it is yet in the hands of the counties, having been paid under protest. To learn the amount paid by each railroad it would be necessary for county officers of the ninety-two counties to make reports. Added to the importance of the decision is the fact that other states have adopted the Indiana laws for assessment, which makes the ruling of as much interest to those states as it is in Indiana. THE death of Hon. John A. Graham, of Peru, occurred the other day after a lingering illness. He was seventy-seven, and had lived in Peru since 1830. In 1848 he established the Miami County Sentinel, which still exists. He was county clerk, sheriff, and later was mayor of the city for eight years. He served in many government appointments. He was altogether one of Peru's most prominent citizens. SOLOMON OSBORN, of Kokomo, was killed in a runaway. He was an old soldier, with a wife and eight children coming to Kokomo from Garrard county. Ky., a year ago. Jennie Creek, a little 10-year-old girl of Milford, Blackford county, received the other day, the medal presented by the French Legion of Honor. Last September Jennie, while walking on the track of the Pittsburgh, Cincinnati, Chicago and St. Louis railway, near her home, discovered that a bridge that spanned a deep cut was on fire. The World's fair express carrying several hundred people, was nearly due, and to avoid a terrible calamity the train had to be stopped. She tore off her little red skirt, ran down the track, and gave the signal of danger. The train was stopped within a few feet of the burning bridge. The French director at the World's fair heard of the act. Jennie Creek's address was secured through Gov. McKinley, of Ohio, and the French Legion sent the medal, that is only given in recognition of acts of heroism. The medal is a six-pointed star of solid gold, and is appropriately inscribed. THE worst hail-storm for years passed over Knox county the other afternoon. The hail-stones were as large as quail eggs, and fell furiously and with such force as to break window glass. Great damage was done to the wheat and melon crops and to the young fruits. THE trial of Augustus Cronkhite, the Warren county treasurer, who defaulted for $65,000 in January, 1893, and was captured at Los Angeles, Cal., a few weeks ago, closed at Williamsport the other evening. The jury returned a verdict of guilty, and fixed the sentence at three years in the penitentiary. A RESIDENT of Elkhart county named Jake Leaftobacco neither smokes, chews nor uses snuff. FT. WAYNE newsboys will wear brass badges. ALL danger from smallpox has passed at Richmond. THE McCoy lamp-chimney factory of Elwood has closed down for the season. Its warehouse is filled with